November 27, 2022

Volume XII, Number 331


June 14, 2021 Price Gouging Weekly Roundup

Energy Company Faces Winter Storm Price-Gouging Suit

A Texas manufacturer filed suit against an Iowa-based energy company alleging the company engaged in price gouging during February’s winter storms. The manufacturer filed a federal lawsuit alleging its energy provider violated the Texas Deceptive Trade Practices Act by billing an additional $54,000 in utility fees in April. The manufacturer cites the “fixed-rate electricity plan” it signed with its provider and claims that the additional charges are illegal. 

COVID-19 State of Emergency Expires in South Carolina

On June 7, 2021, South Carolina Governor McMaster announced he would not renew South Carolina’s COVID-19 related state of emergency. During the state of emergency, which lasted 14 months, The Governor issued 30 declarations of emergency, each lasting 15 days. The application of South Carolina’s price gouging statute expires along with the expiration of the Governor’s final emergency declaration.

Price Increases for Lobster 

A summertime dinner favorite, the lobster roll faces higher market prices, forcing some restaurant owners to remove lobster from their menu. The average cost of a lobster roll in New Brunswick is between $18-$32. While international market demand for lobster plummeted at the outset of the pandemic last year, recent increases in demand have increased prices. Restaurants expressed concerns about the appearance of price gouging, but also seek to educate consumers about the increased supply costs.

Fiji Investigates Price Gouging Complaints

The Fijian Competition and Consumer Commission has initiated investigations into nine traders it suspects of engaging in price gouging. The agency has issued a requisition for information notice, which requires the businesses to present business documents including cost details and supplier invoices. The information request may be followed with cautionary interviews.

© 2022 Proskauer Rose LLP. National Law Review, Volume XI, Number 165

About this Author

Christopher Ondeck Antitrust Litigator chair of  Proskauer Rose nationwide Antitrust Group

Chris Ondeck is a partner in the Litigation Department and vice-chair of the Antitrust Group. He focuses his practice on representing clients in civil and criminal antitrust litigation, defending mergers and acquisitions before the U.S. antitrust agencies, defending companies involved in government investigations, and providing antitrust counseling.

Chris has handled antitrust matters for clients in a number of industries, including advertising, aerospace, alcoholic beverages, appliances, building materials, defense, medical devices, metals,...

John Ingrassia, Antitrust Attorney, Telecommunications, Proskauer Law firm
Special Counsel

John Ingrassia is a special counsel and advises clients on a wide range of antitrust matters in various industries, including chemicals, pharmaceutical, medical devices, telecommunications, financial services, health care, and others. His practice includes a significant focus on the analysis of Hart-Scott-Rodino pre-merger notification requirements, the coordination and submission of Hart-Scott-Rodino filings, and the analysis and resolution of antitrust issues related to mergers, acquisitions, and joint ventures. John has extensive experience with the legal, practical,...